Millions of people across the country will be eligible for the next set cost of living payments from the Department for Work and Pensions (DWP). However, not everyone will receive the full amount.
Some people could get as much as £1,350 from the DWP, which is set to be paid in installments between Spring 2023 and Spring 2024.
The first payments are due to be sent out within the next few weeks with more than eight million households in receipt of means-tested benefits receiving the cash into their bank accounts automatically.
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There will be a first payment of £301 this Spring, while more than 6.5 million people on disability benefits will receive an extra £150 this summer, reports Lancs Live. This will be followed by a second £300 cost of living payment during Autumn 2023, a £300 pensioner payment this winter and a third cost of living payment worth £299 next Spring.
A total of five cost-of-living payments will therefore be handed out to vulnerable households across 2023/24, including pensioners and those with disabilities.
Work and Pensions Secretary Mel Stride said: "These direct payments will help people right across the UK over this year and the start of the next, as we continue to provide consistent, targeted and substantial support for the most vulnerable. Our wider support package, including the Energy Price Guarantee, will ensure every household is being helped through this challenging period of high inflation, caused by Putin’s illegal war and the aftershocks of the pandemic."
Who will be entitled to all of the £1,350 on offer?
According to the DWP, the payment timetable is as follows:
- £301 – First 2023/24 Cost of Living Payment – during Spring 2023
- £150 – 2023 Disability Payment – during Summer 2023
- £300 – Second 2023/24 Cost of Living Payment – during Autumn 2023
- £300 – 2023 Pensioner Payment – during Winter 2023/4
- £299 – Third 2023/24 Cost of Living Payment – during Spring 2024
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